Brief: Inwido Q3 EBITA Ex. FRS 16 Effects Stable At SEK 200 Million

Inwido AB (publ)

23/10/2019 07:13

Oct 23 (Reuters) - Inwido AB (publ)  INWI.ST :
    * INTERIM REPORT, JANUARY-SEPTEMBER 2019
    * Q3 NET SALES SEK 1.67 BILLION VERSUS SEK 1.68 BILLION YEAR AGO
    * DESPITE LOWER SALES, WE INCREASED OUR PROFITABILITY, MAINLY THANKS TO EARLY COST SAVING
INITIATIVES AND A MORE ADVANTAGEOUS MIX OVERALL, WITH A HIGHER PROPORTION OF CONSUMER SALES
COMPARED WITH PRECEDING YEAR
    * Q3 EXCLUDING IFRS 16, EBITA AMOUNTED TO SEK 200 MILLION (200) AND EBITA MARGIN ROSE TO
12.0
PERCENT (11.9).
    * CONTINUED POSITIVE DEVELOPMENT IN SOUTH, STABILIZATION IN NORTH BUSINESS AREA
    * IN SWEDEN AND FINLAND, INDUSTRY MARKET REMAINS CHALLENGING, WITH DECREASED NEW
CONSTRUCTION,
ALTHOUGH TREND IN CONSUMER SEGMENT, WHICH IS OF IMPORTANCE TO INWIDO, APPEARS RELATIVELY STABLE

Source text for Eikon:  ID:nWkr7gTbPK 
Further company coverage:  INWI.ST 

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